Applied Underwriters to Acquire Alaska Timber Insurance Exchange (ATIE)
August 23, 2021
Applied Underwriters announced it expects to complete the acquisition of Alaska Timber Insurance Exchange (ATIE) following ATIE's conversion to a stock company and receipt of regulatory approvals. The Ketchikan, Alaska–domiciled reciprocal, which writes non-assessable workers' compensation policies and holds an AM Best A- rating, will be purchased as part of a transaction that references North American Casualty Company as the acquiring entity for ATIE.
- Buyers
- Applied Underwriters, North American Casualty Company
- Targets
- Alaska Timber Insurance Exchange (ATIE)
- Industry
- Insurance
- Location
- Alaska, United States
- Transaction Type
- Buyout
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